Heads up for Accounting: FASB wants more expense detail in financial statements
The Financial Accounting Standards Board (FASB) is requiring public companies to disclose expense details involving employee compensation, depreciation of “property, plant and equipment,” amortization of intangible assets, and costs capitalized to inventory in their income statements. While it may make financial reports more insightful to your company’s investors, depending on what happens next, your Accounting […]